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20121213
20121213
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Search Results 0 to 49 of about 55 (some duplicates have been removed)
CNBC
Dec 13, 2012 4:00am EST
in europe are trading lower as ben bernanke warns monetary policy may not be enough to offset the damage if the u.s. economy goes over the fiscal cliff. >>> and the fed takes the new and surprising step in its ongoing efforts to boost the economy, tying interest rates directly to the u.s. unemployment rate. >>> plus, investors cheering the plan to save danone's plans to offset losses over the next two years. >> announcer: you're watching "worldwide exchange," bringing you business news from around the globe. >>> welcome to the program. coming up on today's show, we'll be plenty busy. we head out to tokyo where carry enjoji has been talking about the upcoming elections. then, we hone in on central london where one pilot project is living roof and major buildings. find out what green living can do go r to improve the area. >>> and today, the 1 billionth international tourist will reportedly arrive at a destination in the world. at 11:20 central time, we'll speak to the world travel council to find out why france is still the world's top destination but more money is spent in the u.s. and c
KCSMMHZ
Dec 13, 2012 2:30pm PST
. >> europe says one watchdog is enough to keep its biggest banks from ever collapsing and threatening the euro again. >> the european union leaders held an agreement that would tend banking supervision away from national governments and park -- would take banking supervision away from national governments. >> if the bank -- does need a bailout, all of europe will help foot the bill. >> the deal came after a prolonged deadlock over the details of the proposal. the german chancellor was full of praise for the outcome. but it's a good sign that the finance ministers agreed on a banking supervisor. it is a big step towards greater confidence and trust in the eurozone. >> countries like france and italy have pat -- have pushed for a speedy resolution. banking supervision paves the way for a direct supervision -- direct injection into ailing banks. >> it is no longer the sole responsibility of the member states. rather, all of europe will step in. >> but president hollande did not get everything on his wish list. germany insisted that smaller banks, which make up a large part of its banking
FOX Business
Dec 13, 2012 4:00pm EST
, but a change. you were bullish in the u.s. saying i'm going to europe and other areas. why? >> well, maybe it's controversial when you look at the headlines in europe and asia and elsewhere in the world, but our thesis is predicated primarily on what we call price matters, which is essentially evaluations so when you look at the u.s. markets, and in our opinion, u.s. markets are still relatively attractively valued because they are, on our models, 20% below long term return trend sot force of reversion works in your favor, but if you look at efa, it's further below the long term trend, 35%-40% below the long term trend, and history coral lates to strong adjusted returns over the next decade. you know, that's the long term view op places like europe and asia. the shorter term view is that our tool set for tactical moves is don't fight the fed or the trend, be aware of the crowded extremes, and like in the u.s. where the fed is on a risk market side, that's true in the ecb, a huge change. the change in the ecb leadership and the embracing of american style qe is a big reason why we went from st
LINKTV
Dec 13, 2012 11:00am PST
-english-speaking immigrants-- some from europe, some from asia, buworking-class ople. and the landscape we see belows sis landscape of small houses, and the houses are very sie. and the landscape narrator most of the immigrant communities are cad which s siof nghoo thatrelmost concealed beneath the urban forest narrator: it is here in this greener, more affluent part of the city where the new asian elites have chosen to live. ma os ies are children of hong ko businessmen. their parents continue tol ma os ies in the asian omanufacturing industry. theyften commute between vancouver and hong kong. they believe the best way to preserve their wealth is to invest in real estate, and the best way for their investments appreciate is to replace older anglo-canadian housesike these with newer, larger asian-style houses like these. as developers rush to accommodate these new arrivals, ey a teariown exisng homes. ma west side residents have become concerned byhehang they see igorer w lng around them. liss i knew ts house well, because i used to play across the street from it, anit had beautiful timbe inside and oa
CNBC
Dec 13, 2012 6:00pm EST
about europe. emerging markets, but have you a big exposure to europe. stock markets going up, but no economic activity to speak of. is that where the economic activity not picking up yet for you guys either? >> yeah, when you look at last season, the last lawn and garden season, it was down somewhere in the neighborhood of 15%, the market overall, and that was really reflective, obviously of decreased consumer spending and people feeling a lot of the impacts of macro economic conditions in europe. as we look forward, into europe, into this next season, we're calling it flat, simply because there are is so much uncertainty going on over there with how they solve economic problems. at the same time, geographic diversification is really important for us, especially in emerging markets. last week, friday, we closed on a deal down in brazil, one of the key markets we look at from an emerging market standpoint, a company by the name of bronco, which does a lot of high-end equipment, commercial type equipment for the brazilian market and we think that will be a really strong market
CNBC
Dec 13, 2012 1:00pm EST
before that, announcements to spur tit in europe p so buy into the feds, sell on it. people have been asked by playing inflation here. let me give you heavy volume in the pro share short treasury, tbt. twice the inverse of the treasury. got to be careful with this because it can only get results on a one-day basis. but a lot of people, maybe inflation will be an issue in 2013. >> sure, absolutely. >> it wasn't in 2012. but this trade is a big one. if it ever happens it is a huge trade. >> it is important to mention that that eta is twice the inverse. >> and it doesn't correlate on the long-term basis. only on daily basis. be careful. >> thanks, bob. appreciate it. >> this week i paid a visit to blackrock's trading floor. first time cnbc has been allowed access there, in fact. we got their outlook for 2013. blackrock president robert kapito oversees the firms as pepts here is what he said about the fiscal cliff and beyond. >> when you say they will take it to a crisis, does that mean we go over the fiscal cliff? >> there is a very high likelihood that it does or be at 11:59 on december
Comedy Central
Dec 12, 2012 7:30pm PST
focus to europe. remember this fella here over my shoulder there? silvio berlusconi. a billionaire prime minister of italy elected three times even though as they say in rome, he was corrupt. >> the italian prime minister is no stranger to scandal. charges of bribery, corruption and embezzlement. >> officially guilty of tax fraud. >> sentenced to newshour years in prison for tax fraud. >> a serial flanderer. >> tales of lavish orgies. >> notorious all night so-called bunga-bunga parties. paying for sex with an underage prostitute. >> he was saying he could haven't sex with 11 women so instead he had sex with eight women. (laughter). >> jon: a man who had sex with eight women. that's the worst bond villain ever! (laughter) and if you pull one of them off, you just grow back. last november with the italian economy tanking, voters replaced berlusconi with his polar opposite, mario monti, an academic economist who promised to balance italy's books with strict austerity measures. that's not an easy choice. the country basically deciding it would be better to live with its hard-ass stepfather
FOX
Dec 13, 2012 4:00am PST
is undervalued right now because of all the noise in europe, the fiscal cliff, and china. with that in mind, i think your best bet is to stay near normal valuations for 2013. > there is nothing you want to take off the table right now, right? take some profits home so you don't have to deal with the tax gains issue of next year? nothing? > > put it this way: i would rather be in financials and materials than i would be in energies and utilities. so if you are overweight in energies and utilities, perhaps sell that. i think the best group next year is going to be financials and materials. > run with the banks. good to have you on the show. that is larry shover of sfg alternatives. > > thank you. legislation dramatically shrinking the power of unions has won approval in michigan. last night, governor rick snyder signed two bills into law that change michigan into a right-to- work state. thousands of protestors for and against the measure staged demonstrations inside and outside the capitol in lansing, michigan. despite shouts from pro-union workers, the gop-led house okayed 2 bills that essenti
SFGTV
Dec 13, 2012 2:30am PST
that has been revised. if you go to canada or europe, it's very common there, even on the east coast it's very common to. and they have gotten much better machines so you can now put a machine like that in front of the store. >> is that at whole foods at 4th street? >> no, it's at the safeway at 4th street and one at clement and 7th, safeway and one i believe at the marina safeway. >> are they being used? >> yes, they are. >> they are kind of limited, again, if someone comes up with a shopping cart it kind of shuts it down, but for the family or for folks, that is kind of the small-scale solution. that if we get the prices of those down, they are a little expensive at the moment. that could provide convenience in a lot of neighborhoods. and then you would need that distribution system to collect it. i think we do have some solutions. >> director dick-endrizzi? >> just to make sure that commissioner ortiz-cartagena, if the supermarket isn't there and then the small businesses in that half-mile radiuss, they are not required to participate in the program. it's just when the superma
FOX Business
Dec 13, 2012 3:00pm EST
to southern europe so we are quite well-placed. mainly in northern europe, which has been somewhat less effective, so we are somewhat stable there. good growth in asia-pacific and latin america and frankly the united states as well. liz: the competitor, cisco coming in, they want into the optical switch business ramping up, how would you stay ahead of them? >> they're very specialist player. we're not trying to be all things to all people. as such we have a lot of leading technology in this space and already won a lot of the major deals ready to roll out. tracy: are you hiring now going forward? here in the u.s.? speaker yes, we're actually doing some hiring in the united states. liz: good to see you, have a happy holiday. >> thank you, you two. liz: 46% over the past year. gary smith saying they have a good year ahead. the fed are going after a star in the hedge fund world through employee who left the company two years ago going so hard to the point they want a former employee to flip and cooperate with the investigation. charlie gasparino has the latest on the screws content to be ti
FOX Business
Dec 13, 2012 5:00pm EST
again, very tiny amounts of electricity, and in europe, we're seeing the green guru, james lovelock calls it the greatest folly on europe, relying on wind power to help base llad of electricity. denmark which people holds model, has not shut a single coal based plant or carbon based plant since they went all wind. sandra: easy to get emotional. so let's put facts. energy department under current administration spent $1.69 billion in loan guaranties for wind projects. >> yes. sandra: so far no offshore wind pardon me is operating today in american waters but yet we are now announcing tens of millions of more dollars being spent to do so. >> yeah. looks like first ones might go online in new jersey in 2013 or 2014. so it is still far away. even once you get it though, you still have all the other environmental issues from bird impacts, unsightlyness of it. it is intermittent power. all the money going into it, at the same time, we're shutting down coal and now the obama administration has announced its intent to go after natural gas tracking and shale oil -- fracking and shale oil bec
FOX News
Dec 12, 2012 4:00pm PST
for dairy lovers. scientists in europe say they found the oldest evidence yet of cheese making. 7500 years old. researchers tested pottery fragments from poland, which had strainers that could have helped make beer, honey or cheese. hopefully beer. they say they found lots of fatty milk residue, so figured those prehistoric humans were making cheese. nasa scientists say it's like a baby picture of the universe. the hubbell telescope capturing images from billions of years back. just after the universe was born. first, the man who teamed up with the beatles to bring traditional indian music to a global audience has died. ♪ ravi shankar performed across europe and in the united states since the 1950s. but it was his friendship with george harrison that shot him to global staffer dom. he gave the beatles, that beatle, lessons in playing the sitar, which you can hear on songs like "nor wean i can't think wood." the pear later collaborated on the concert for bangladesh. he seemed amused when the audience applauded him tuning his instrument. among his children, norah jones. in a statement, hi
FOX News
Dec 13, 2012 12:00am PST
about eastern europe. you know what is great? neither of them said anything about this. a day has gone by and neither has responded. that makes me love serena. she does president president what to get lost in the nonsense. >> by the way, do you think she will say it is racist or just that it is funny. >> the fact that she didn't respond makes me think she is upset if she didn't defend her friend. i would say ninety% of the banter between me and my friends is making fun of each other. >> it makes fun of your stupid velvet jacket. >> you better believe it. and even cultural things that have come from somebody else. they are friends and she is making fun of her and i'm sure serena made fun of her. to call it racist is sad i think. >> bill, you actually dress the same way when you are escorting elderly men across town. >> their vision is bad, so they assume they are with a shapely female. that's when i take them for all they're worth. i think katherine -- caroline, sorry. maybe there is an old racist stereo type trope to what she was doing. i guarantee you she does not though that is an ol
CSPAN
Dec 13, 2012 5:00pm EST
the previous panel talk about state government, and one of the big problems in europe is that there is no fiscal coordination among the independent countries, and somewhat to our state, and who has to come along and bail them out when they have not done what they are supposed to do. i don't know that we're all that much different so we have a great panel. people that are far smarter than i am, and i'm going to introduce them all, and ask questions, and i'll ask the pam to keep answers relatively short so we can get through a lot of questions, and still get out of here on time. first of all, we have ali son frasier, director of thomas a. rowe institute for economic studies at the heritage foundation. director -- as director, she oversees the heritage foundation research on a wide range of domestic, economic issues incoming federal spending, taxes, the debt, and the deficit. before joining heritage in 2003, she was deputy director of the oklahoma office of state finance where she worked for governor frank keating. next on the panel, we have the institute fellow and the r
CNN
Dec 12, 2012 9:00pm PST
it from europe. we have $16 trillion in debt. back to the fiscal cliff, we went by. >> that's out of the way. >> you jumped the shark. you mentioned the dreaded cliff word. i'm cutting you all off. carol, abby, charles, thank you. you've been one of the most lively panels and the most aesthetically pleasing since yesterday. >>> when it comes to guns, my next guest knows it all-too well. gabby giffords husband, astronaut mark kelly. coming up next. [ sniffs ] i have a cold. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! capella university understands back from rough economic times. employees are being forced to do more with less. and the need for capable leaders is greater than ever. when you see these problems do you take a step back, or do you want to dive right in? with a degree in business from capella university, you'll ha
PBS
Dec 13, 2012 12:00am PST
cold war, the plan was really to persuade left of center intellectuals, especially in europe that the west, particularly the united states, was the powerhouse of culture and ideas, that it wasn't any of the soviet experiment had died, and the best people to do that for you were ex-communists and democratic socialists what the cia used to call the ncl, the noncomist left. and so amazingly enough, when the house of unamerican activities got going, some cia operatives found themselves right in the line of fire because they had so many connections to the democratic socialist left across europe, the mccarthy items were very worried by these guys .. and some were professors who had left leaning tendencies themselves but they were democrats,. >> rose: wha and what do you mae of the french who came to the real situation that is soviet union was not what they believed it to be, you know, french intellectuals? >> they rather took their time over this realization. i mean by now we all have the hindsight benefit there of. but i would like to think i would have dipped out somewhere around
CNBC
Dec 12, 2012 11:00pm EST
trial until late 2013 delaying approval for their application to u.s. and europe? >> when you started i was thinking he's really going there. always i wanted this to be espn. he's going to ask me about eli manning. no, eli lily. i read through the release many times about the alzheimer's drug. i'm not concerned. i want to pull the trigger on eli manning and hit it on eli lilly. rob in florida, rob. >> caller: booyah, jim. how you doing? >> real good. how about you? >> caller: good good. my question is about coinstar teaming up with verizon. >> yeah, i know, man. there's a lot of ways to get tv, isn't there? >> caller: yes, sir. >> well, i got to tell you. i'm not a coin star fan. now netflix is out of its mind, you see that stock today? the coin star thing made me a coin flip for coin star but i like verizon. call me conservative. ben to the rescue. after today it seems like he's the only one trying to get the economy rolling. but he can't do it all by himself which is why we need people to rise above and get a deal. almost any deal before it is too late. "mad money" will be right back.
CNN
Dec 12, 2012 6:00pm PST
doing a 5-500-day trip. that's when ships left europe and didn't plan to come back for years. >> i'm looking at the scene where you tell gabby, hey, i'm off to mars for 500 days. >> yeah, i don't think she would be digging it all that much. >> tell me about your mousetrout. why did you decide to do this? ? >> on my first space flight we carried mice on the trip and 17 of them did not like it and some of them enjoyed the experience. >>. >> it's a lot of fun. it's a lot of fun. i'm going to show it to my little daughter. mark, it's great to talk with you again. send my very best to gabby. how's she doing? >> she's doing very well, piers. you know, she's got a great attitude about her recovery, about where she's going. you know, she's getting involved in not exactly back to work but we've been involved in a new organization called the national institute for civil discourse. >> that's great. nice to talk to you. >> thanks for having me on, piers. appreciate it. >>> that's all for now. "ac 360" starts in a few moments. [ male announcer ] alka-seltzer plus presents the cold truth. i have
FOX News
Dec 13, 2012 2:00am PST
. too bad nobody told the navy. student loan debt is a tremendous. they do it in europe that could get a lot of kids out of hot water. they have the number two country hit in the country. that's on this thursday on "fox & friends" starting in 12 minutes. take effect in january. >> the number of americans on food stamps is up 39 percent since president obama took office. should cutting that program be part of the discussion about the to 47.7 million. >> it is a guaranteed thing. it's an entitlement program. that means if you meet the income qualifications the government must give you the money whether the government has any money to give you or not. if they don't they have to borrow it. >> that's right spending on food stamps which hit nearly $75 billion in fiscal year 2012 is currently nonnegotiable. it is exempt from sequestration should it quick in. it is not on the table as part of the efforts to negotiate closing the growing gap between revenue and spending. the u.s. department of agriculture which administers the program said quote the increase in precipitation during the 2008 to
PBS
Dec 12, 2012 4:30pm PST
higher crude prices coming out of europe and the gulf. >> tom: steady prices there. how about gold? is gold still a long-term buy at these levels? >> it is really difficult to say, tom. you know, you would have expected gold to react quite differently today to the announcement of another $45 billion worth of treasury purchases, and it should have broken through that 1750 level, but it only rallied $15, $20 and settled in five or six. gold is a longer term trade that we're less interested in, and its traditional place in the portfolio as an inflation hedge seems to be muted at best. >> tom: i want to ask you about grains, after the midwest drought. the harvest attended to be betterhan expected. do you move away from the grains, waiting for the weather to shake out? >> i think you have to wait for the weather to shake out and you have to wait for last month's planting expections. i think like last year, we will plant a record-sized crop. that and what we see out of the harvest in south america will determine the price for grain in 2013. >> tom: a look at the commodities and the feder
CSPAN
Dec 13, 2012 1:00am EST
? it is interesting. one of the things that has happened is what we called eastern europe is very differentiated. they no longer have much in common with one another. >> more on life and soviet east germany sunday night at 8:00 on c-span's "q&a." >> punched me, to me, take things from me. >> he is not safe on that bus. >> i have been on that bus and they are as good as gold. >> all of us were starting to see people coming out and talking about their experience of this phenomenon that so many of us have experienced in one way or another and have no words for, other than adolescents. finally, people are starting to stand back and say, this is not actually a normal part of growing up. this is not a normal right of passage. there was a moment where there was a possibility for change. we decided to start the film out of that feeling that voices were bubbling up. coming up to the surface to say, this is not something we can accept any more as a normal part of our culture. >> the filmmaker has followed up for award winning film by gathering essays. -- her toward women -- her award winning film by gathe
FOX Business
Dec 13, 2012 11:00am EST
at the system and buy the debt, and now there's a follow-through in both europe following the same formula. it is a procare yows situation, but everybody's willing to risk it for a temporary good. cheryl: i want to ask you, you talkedded about entitlement reform, but housing. that's been a bright spot we've seen, maybe a lagging indicator of five years, 3:it's on a role. what we're seeing in the economy and housing, negate the problems with the cliff? >> yes, that's exactly the point. housing is so critical to the economy, every increptal -- right now, only talking about 500,000 housing starts. average, historically is a million-one, million-two, million-three. when you double or catchup to the underbuild in the past five years, you can see the entire economy, literally, the entire economy on that straint with little price appreciation. cheryl: thank you, howard. >> thank you. cheryl: stocks cheap, dennis. you like that as well. dennis: what he said. love that guy. now get here from there without fighting about the spouse about it, google stocks higher after the release of the new map app
FOX News
Dec 13, 2012 1:00am PST
on foreign relation, which is an important group to speak to in new york. she could go to europe and speak to yacht. she could people to the european parliament. >> bill: she'll make a lot of money giving speeches. >> she could and keep herself relevant until late -- by keeping herself out of the campaign rakes she keeps the target minimized. she's a very polarizing figure. lots of things for her critics to attack her on. the longer -- >> bill: real quick, do you expect a book from the woman? >> oh, yeah. absolutely. >> bill: okay. now, there is another woman in the c.i.a., and i want to spend a lot of time. about this woman who tracked down bin laden and then got into all kinds of trouble. do we know who this woman is? do you know her? >> yeah. we do believe we know who she is. we're not going to use her name on the program. but it's believed she was an analyst at c.i.a.'s afpac analysis unit, afghanistan and pakistan. she was an early believer that you could use -- you could track the courier system through al-qaeda in and around the cities, not the caves of pakistan, to get to bin laden
Current
Dec 12, 2012 11:00pm PST
throughout all of europe is because the european unions in the 40s said we don't want this just for our members, we want this for everybody. everybody has got to have -- >> jennifer: which is really the history of the u.s. labor movement was too. that's what those laws were in the 20s and 30s to provide universal 40-hour workweek and we don't have child labor laws. that's true. i would say unions have an opportunity globally especially in countries that are now growing, like china to be able to level the playing field a little bit. but in addition to unions organizing the unorganized, what about people who are not in a union who are watching this and feel discouraged, like you feel in a way, but what can we do to push back against that? >> yeah i hope i don't sound too discouraged, i'm just mad -- >> jennifer: you are revving up so you are starting to sound better. >> well it was just heart breaking listening to your description of what happened to my town sitting here. but listen if you are watching this at home and you are discouraged and you are feeling we j
Current
Dec 13, 2012 2:00pm PST
are very worried that if the united states or europe imposes restrictions saying we will not allow imports from your factories unless they have the same standards as the united states, they worry these factories don't have the money to invest in the safety improvements and that these factories will lose lots of american and european orders and the factories will close and the workers with lose their jobs. i think what we need is for more companies, more western companies, western retailers like walmart or sears or disney to work closely with the bangladeshi manufacturers to make sure they have the wherewithal, the money and the will to improve fire safety, to improve the electrical systems to help make sure that there aren't more fires like the ones we so recently in bangladesh and in pakistan. >> jennifer: you talk about the big players like walmart an extremely profitable company who has subcontracted perhaps there is some willful blindness there. how much would it cost to upgrade the factories? is that something that reall
CNN
Dec 13, 2012 1:00pm PST
coming from eastern europe and has the project blitz free is being led by a mysterious russian attacker and many targeted may not even realize it. >> you're someone with a substantial amount of money in your account. you logon one day and have a smaller amount than before but you've been hacked. that could happen to thousands of americans this coming spring. a new report says some of america's biggest banks, 30 of them, are at risk of a master cyber attack that could siphon millions of dollars from unsuspecting customers. >> we've found to date 3 and 500 devices that have been infected within the u.s. pat calhoon mcafee won't name the individual bank but account holders in many of the large mainstream banks are targeted. mcafee says this attack is from a cyber gag with a handle. >> he's trying to build attackers to expand the scope of the project. so that's the first thing. but how it's actually executed in the project itself is that he has computers that are basically monitoring and controlling all of these infected devices. >> calhoon says the attackers are going after individuals who
CNBC
Dec 13, 2012 6:00am EST
for what's happening in europe. >> we want to rise above it. >> which would mean -- >> could mean matt is going to slow walk us over the cliff so that in our opinion -- >> did you see how long it took him to get from the green room here? >> let me ask you. are you guys, republicans still saying that jobs matter if we raise taxes? you finally said oh,ist not that big a deal anyway. where are you? have you thrown in the tall? >> not at least to the public. we've got to make the point over and over and over again that, you know, we can get to this number, we can do this, the republicans have offered a deal that makes sense, that's reasonable. that says guess what you can do. you can get this done without raising marginal rates. you don't have to beat down folks who are small businesses, who are successful, to get where you want to go. you can do it by -- >> beat them down by taking them back to the clinton era rates of 22 million jobs? >> this is -- >> but you don't want to go back to the clinton era rates. you only want to go back on the top 2%. the reason we were able to balance the bud
CNBC
Dec 13, 2012 3:00pm EST
. >> if you believe that, you know, we're going to be more like europe every year, i'd definitely be owning some gold. >> is that what you any? >> i don't -- i -- i have not liked gold as an inflation indicator throughout this whole run in part because i saw it as a flight to safety indicator more than anything else, not necessarily an inflation indicator. >> i agree. >> and it's hard for me to imagine that the equity market is trading for fear of inflation. every barometer i've looked at said this is a hawkish trade, a deflationary trade going on today, just the opposite. >> one more thing. i do agree that the reason i would never advocate selling stocks is because inflation is coming, and it's a great inflation adjustment instrument. >> all right. we'll leave it there. >> decoupling of gold and rick santelli works would have thunk it. >> thanks, guys. see you a little later. 40 minutes before the closing bell sounds for the day. market that is worse, down 100 points on the dow jones industrial average. as you can see, 96 points lower. >> someone just calling that, going back to the lows o
CNBC
Dec 13, 2012 5:00pm EST
the cycle was the presidential election, our markets were undervalued relative to europe and apple. driving our whole consumer technology complex. and all three of those are going to be missing in '13. factor in the fiscal cliff and there's a lot of uncertainty going forward. >> what about the fed? positive buys towards good corp rate earnings and the fact that we're trading at very low multiples over the last five years measured in terms of what could be potential growth. jamie dimon said -- just giving the other point of view. >> in march of 2013, the bull market will be four years old. that's pretty long in the tooth. we all know the liquidity factor from the fed and boosting asset prices, but that's yesterday's news. i think the uncertainty is, the first year of a presidential cycle. lots of areas where the market could run into glitches and i think it's a great time to play defense. >> can i correctly assume that the power gauge on apple is negative, in the near term, if you are mentioning that as one factor of being bearish in 2013? >> power gauge is neutral. it's bearish on a lot of
PBS
Dec 13, 2012 3:00pm PST
for europe. >> last night's decision on the single supervisory mechanism for euro area banks is a breakthrough towards a true banking union, which is significant and crucial in order to restore and reinforce confidence in the european economy. >> sreenivasan: the banking superviser role must be approved by the european parliament, but the position could be up and running by march of next year. separately, finance ministers agreed to give greece its next bailout payment of $64 billion. in return, greece has agreed to reduce its debt load by buying back devalued bonds from private investors. the european court of human rights issued a landmark ruling today condemning the c.i.a.'s extraordinary renditions programs. it ruled that a german car salesman khaled el-masri was a victim of torture and abuse for four months at the hands of the c.i.a. el-masri said he was kidnapped from macedonia in 2003, interrogated and tortured at an afghan prison run by the c.i.a. and then dropped on an albanian mountainside when authorities realized he posed no threat. macedonia agreed to pay nearly
CNN
Dec 13, 2012 9:00am PST
all of europe and the rest of the world. one of the italian leaders is stepping down and the other one planning a controversial comeback causing shock waves across europe. . fortunately we've got ink. . it gives us 5x the rewards on our internet, phone charges and cable, plus at office supply stores. rewards we put right back into our business. this is the only thing we've ever wanted to do and ink helps us do it. make your mark with ink from chase. [ sniffs ] i took dayquil but my nose is still runny. [ male announcer ] truth is, dayquil doesn't treat that. really? [ male announcer ] alka-seltzer plus fights your worst cold symptoms, plus it relieves your runny nose. [ breathes deeply ] awesome. [ male announcer ] yes, it is. that's the cold truth! >>> the cot come back is attracting attention. sylvia bers cone any is going to run again. ben weedman the thought of the return to berlusconi is rattling some folks' nerves. >> reporter: he's back. he says he's run for the premiership for the sixty time in 20 years. a year after he resigned as prime minister he's coming back more emphatica
CSPAN
Dec 13, 2012 7:00am EST
in europe is 25%. like france is not where we want to be on tax policy. the canadians are at 17%. where you have high marginal tax rates, it slows economic growth. you can see it on the corporate side and on the individual side. we will over time take the corporate rate to 25 from 35. because it will be better for growth, we will actually have more revenue for the government and not less. with government growth at 4% per year, reagan levels, versus 2% per year, france over last 20 years or obama over last four, you do that for decades, the federal cabinet raises $5 trillion in additional tax revenue. the best way to get revenue for the government at such strong, robust and jobs-creating economic growth. unfortunately, president obama and the democrats have taken the opposite direction over the last four years. that's why we are in this mess. host: now to an independent in georgia, al. if i would push the right button. sorry about that. al, good morning. caller: good morning. the last time you were on c- span, i managed to get through. it was on the heels of you going to atlanta and to chast
ABC
Dec 13, 2012 1:40am PST
from europe to north america of the 1937 and they didn't have a full airship, only 36 passengers. at that time in 1937, $400 per ticket, one way, $720 round trip. think of what that would cost in today's parameters. >> no kidding. we'll get answers perhaps on sunday. >>> well before jon stewart and steven colbert, political satire was in the pages of "mad" magazine. >> and now "mad" is celebrating 60 years of poking fun. it's coming up on "world news now." >> announcer: "world ♪ ♪ mad world mad world >>> nice song choice, guys. "mad" magazine is celebrating 60 years of making fun of the american landscape with a brand new book. >> it's called "totally mad -- 60 years of humor, satire, stupidity and stupidity." here to help us celebrate this stupid milestone, can we call it that? not really. "mad" magazine writer, good morning dick bedebartolo. >> let me read this one line. as of his byline in issue 502 in 2009, your material has appeared in 400 consecutive issues of "mad" magazine dating back to 1966, my friend. >> yeah, yeah. >> you are a veteran. >> i've been paid for five
CSPAN
Dec 12, 2012 8:00pm EST
to call eastern europe has become differentiated. it's no longer these countries no longer have much in common with one another except the common memory of communist occupation. >> more with the pulitzer prize winner ann on life in soviet east germany from the end of world war ii through 1956 from the historical narrative subtle night at 8:00 on c-span q & a. this hearing is an hour 45 minutes. committee will come to order. the oversight committee exist to secure two fundamental principles, first americans have a right to know that the money washington takes from them is well spent. and second, americans deserve an government that, woses for them. our duty on the oversight and governor reform committee is to protect the rights, our so lem responsibility is to hold government accountable to taxpayers. because taxpayers have a right to know what they get from their government. it's our job to work tirelessly as citizens watchdogs to deliver the facts to the american people and bring reform to the bureaucracy. our committee's resources are limited. but in one area, we have focused for m
FOX Business
Dec 13, 2012 9:20am EST
the safety net. is this going to become the most important thing we do in america, as in europe, or is america about something bigger and better and more interesting than simply preserving the safety net? >> or even defining the safety net. when i think of a safety net, i think of a high wire and think of the net underneath. what's supposed to happen is you fall and it bounces and lifts you back. i feel like we have a fishing net here, where people get caught in it and stay in it forever. that's the difference between the safety net and the fishing net that we're ending up with right now. >> we end up having to work, go to work every day and pay taxes ultimately simply to protect this safety net, rather than create a vibrant growing economy that will create jobs in the future for our children, our grandchildren, that's what the democrats are saying no, we work to just support this safety net. and i think the republican party in washington is really missing an opportunity to present to the american people the big picture, why are you resisting barack obama? at the moment it looks
FOX Business
Dec 13, 2012 1:00pm EST
giving them more power. these are some of the things that they are looking at closely. we had seen europe really pushing some new recent highs. that is something that pushed us along in the last couple days. lori: a showdown in washington. sparring over a dead deal. it does not look like either party is ready to budge. where are we now, rich we are still in the middle of a work in progress. that could be a little bit of an understatement. democrats say they want a commitment from her republicans. basically, we are in the same spot. here we are at the 11th hour and the president still is not. about dealing with this issue right here. it is this issue. spending. >> the public posturing continues. there is a questioning today about whether or not we get to the point where tax rates are ready to increase on nearly every taxpaying american. the speaker would not comment. back to you. lori: so frustrating. rich edson, thank you so much for that update. lori: we will be on pins and needles for a while. the voters are sending mixed signals. voters think the best way to deal with the countries def
FOX News
Dec 13, 2012 6:00am PST
, you showed those scenes of some violence where was it in east europe. we're seeing that in lansing, michigan, right now. you will see percent opposition by the unions to other states that try to go this direction. bill: we'll take that up next hour with a guest i just mentioned. one fine point on this. you believe once you go right-to-work you do not go back. >> that's right. it is one-way street. you know what? i guarantee you, it will not happen. once you've given this liberty to workers very hard to to take it away from them. bill: steve moore, thank you. "wall street journal" out of washington today. >> have a great day. alisyn: there are new signs that the assad regime in syria is growing increasely desperate as we hear reports of extreme escalation in violence. why the u.s. is watching --. bill: who did you like last night. did you like the boss or bon jovi? alisyn: can i say both? bill: they're both from new jersey, representing images on your screen. it was rock and roll royality, say that three times. coming together to help the victims of sandy and raising the roof and mi
FOX News
Dec 13, 2012 10:00am PST
in europe. they just don't have these kinds of mass shootings all the time. this happens repeatedly. it's almost weekly or semi weekly we have these kinds of shootings going on. at some point people have to stop and think and say there has to be between well-meaning people supporters of gun control and those who want to preserve -- there has to be an understanding that we can come prcancompromise on this issue dt mean you are trying to get guns out of the hands of well-meaning people. megyn: in this case the guy stole the gun. so nothing would have stopped him from, you know, stealing it. but if this type of weapon were band, would it have been around for the stealing? >> this one may. we don't know what type of weapon it was, whether it was covered by the ban. the genie is out of the bought on this. unless you are talking about having the government go door to door to get the beretta. you know, the solution is not to ban this gun but not that gun. there was a mass murder, more people killed than in this instance in salt lake city where the gentleman used a shotgun at a handgun. if you
CBS
Dec 13, 2012 7:00am PST
's independent says the stone age people in northern europe were making cheese 7,000 years ago. >> yes, it was found in a 7-eleven eye opener. >> eye opener at 8:00 is brought to you by the aarp. >>> i'm charlie rose with gayle king. norah o'donnell is off. >>> talks to avoid the fiscal cliff are off. they talked twice this week and boehner says they still have serious differences. major garrett is at the white house. major, good morning. >> reporter: good morning, charlie and gayle. the knives are coming out in the fiscal cliff process. i don't mean the political ones. today i've learned house members, republican and democrat, received a letter ordering 11% across the board spending cuts in their own office budget to comply with the government line across the board spending cuts if there is no fiscal cliff deal. dealing with those cuts might force some action. that's going to be necessary. the stalemate right now is genuine. president obama wants republicans to commit publicly to raising income tax rates on the top 2% of households. republicans want the president to commit to spending
KRON
Dec 12, 2012 5:00pm PST
demand in europe. as berkeley this is not a good time to buy. >> we have the mayan calendar reset coming up on the 21st. we're talking about the end of the world and tci friday's is really happy december 21st is on a friday. >> a lot of restaurants are. they're doing a lot of $180 meals. some are doing a final feast and handing out sunglasses to customers. it is a great way to get people and. it is happening on a friday. it will almost be like a many holiday. fourth of july, valentine's day people want to spend money. people will spend money because it is a my and holiday. restaurants are great at marketing towards it. >> it the world does not end and there is a 2013 baseball season the dodgers will have a lot of money. >> baseball costs seem to be going up. the hundred and $47 million for 3.8 era lifetime? i don't get it. that is all about the money so i don't need to get it. they will have an opening day payroll that will beat the yankees in 2000 a record. 208 million. the dodgers will have a budget of 220 + million dollars. this is due to tv. they have a relationship with tiny border
CSPAN
Dec 12, 2012 8:00pm EST
? it is interesting, one of things that happened since 1989 is the region we used call eastern europe. these countries don't have things in common with one another. >> more with ann alpbaum from the end of world war ii. from her narrative "iron curtain" sunday night on c-span's q&a. "washington journal" today looked a at the fiscal cliff negotiations with particular look at the found daises. the first we spoke to an associated press reporter. >> our series on the so-call fiscal cliff continues with a dive into social security. here to talk about the program and how it is involved in these discussions, negotiations over the america's financial future. here is stephen ohlemacher. thank you for being here. how many people in america receive social security? >> a little bit more than 56 million people get social security. the average benefit is a little over $1,200 a month. so maybe it is like $13,000, $14,000 a year. >> we're talking about retirees but also the disabled. >> yes, fairly wide group of people get social security benefits, retired workers, spouses, children, disabled workers, widows, widower
FOX News
Dec 13, 2012 3:00am PST
they're talking to somebody in the united states. so if you call a cousin in europe or a business colleague in asia, the federal government can listen to what you say. if you e-mail them, they can read the e-mail. they don't need record or suspicion. your privacy shot. >> gretchen: what about if all i say is (speaking a foreign language). >> i don't know what that means u about the government will because they have the best translators in this country. it will be like east germany because people will be afraid to be themselves that's why we have the fourth amendment. >> steve: i wonder how many terrorists activities or plots have been stopped by this program. >> you know, a good question. we probably will never know. >> steve: because it's a question -- which is the greater risk? that we listen in on some international phone calls or another 9-11? >> that's a very good question ask judgment that the congress is not permit to do make because the fourth amendment -- >> steve: that is what they're too long. >> ha is what they're doing. when the congress changes the constitution, it i
CSPAN
Dec 12, 2012 11:00pm EST
europe, it has become very differentiated. this country no longer had much in common with one another, except for the memory of communist occupation. more with anne applebaum on life in soviet east germany, poland, and hungary. the end of world war ii in 1956. from historical narrative, iron curtain, on c-span's "q&a". >> ben bernanke announced monetary actions that the federal reserve will try to take sustained economic recovery, including keeping interest rates low. mr. ben bernanke spoke to leaders after the market meeting. this is one hour and 15 minutes. >> the economy continues to expand at a moderate pace. unfortunately, however, unemployment remains high. about 5 million people, more than 40% of the unemployed have been unemployed for six months or more. and millions more have been able to find only part-time employment or have stopped working entirely. the conditions now prevailing in the job market represent an enormous waste of human and economic potential. the return to broad-based prosperity will require steady improvement in the job market, which requires longer economic
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